Home > ES Daily Plan > ES Daiy Plan 090612

ES Daiy Plan 090612

Commentary

In Asia, Japan flat. Hong Kong +0.3%. China +0.7%. India +0.2%.
In Europe, at midday, London +0.6%. Paris +1%. Frankfurt +1.3%.
Futures at 7:00: Dow +0.5%. S&P +0.6%. Nasdaq +0.6%. Crude +1.2% to $96.48. Gold +1% to $1711.60.

http://www.forexpros.com/indices/germany-30-advanced-chart

Econ Calendar

7:30 Challenger Job-Cut Report
8:15 ADP Jobs Report
8:30 Initial Jobless Claims
9:45 Bloomberg Consumer Comfort Index
10:00 ISM Non-Manufacturing Index
10:00 Quarterly Services Report
10:30 EIA Natural Gas Inventory
11:00 EIA Petroleum Inventories
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

http://www.dailyfx.com/calendar?tz=-7&sort=date&week=2012%2F0513&eur=true&usd=true&jpy=true&gbp=true&chf=true&aud=true&cad=true&nzd=true&cny=true&high=true&medium=true&low=false

http://www.bloomberg.com/markets/economic-calendar/

Earnings Watch

Notable earnings before today’s open: HOVNAV

Notable earnings after today’s close: SWHCULTA

Open Type

OR

Trade Scenarios

RTH PP: 03.5 (If we OIR, 74% prob of PP tag)

– YR: 8.5
– YIB:

– YHI: 08.25
– YLO: 99.75

– ONH: 014
– ONL: 03.25
– ON Mid: 08.75

Bull/Bear Line:  09-10

Longs:

Rotational: If 10 becomes support looking for 14 (ONH), 16.5 (NVPOC), 20+
Rotational: If  becomes support looking for

PP Failure/PP Confirmation:

Shorts:

Rotational: If 09 becomes resistance looking for 07 (S1), 03.5 (PP),
Rotational: If becomes resistance looking for

PP Failure/PP Confirmation:

Stats 

OIR, Op>R2<R3

OOR,Op<R2<R3 31
OOR,Op>R2<R3 & R2 Tag 21 67.74%
OOR,Op>R2<R3 & R3 Tag 23 74.19%

Gap

Gap 10-8 42
Gap 10-8 & Gap Fill 17 40.48%
Gap 10-8 & 1/2 Gap Fill 26 61.90%

RULES

1. 2 strikes at a level & you’re out, once hit twice in row have to take a 10 minute break

2. 3-4 strikes overall all day & you’re out (depending on size of each trade)

3. NO trading other instruments that you’re unfamiliar with

4. 1.5-2 max loss in ES, 3-4 in NQ,

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